A common thought amongst those interested in setting up a will is, “Can I do this myself? Do I even need an attorney?”.
With the advancement of DIY projects in today’s age of technology, one can watch a Youtube video or do some research on a DIY blog and bypass the professionals. Yes, you can write your own will or make one on LegalZoom, but the question is, should you? Will it be valid and hold up in court? These are the questions to consider when deciding to create one yourself.
Hiring a competent lawyer who is well-versed in estate planning and probate law will give you the reassurance that your will or trust is completely valid and will be able to protect you, your family, and your assets when you pass, without any question. Below are some reasons why you need an attorney to help you with your estate planning...
You need more than just a will. The terms “will” and “estate planning” are often used interchangeably but they are two different terms. An estate plan is a complete set of legal documents to prepare you for your death or disability. A will is just one of those legal documents included in that plan.
You save time, energy, and money. Creating an estate plan is a complex task, so handing that responsibility to a professional will be worth your time and energy in the end. Don’t forget the fact that without an estate plan, you and your estate could pay more money in the long run in professional fees, taxes, and court costs. Attorneys use a flat rate fee, which will be more straightforward and a long-term economic advantage for yourself.
Its complicated. Estate planning is not an easy task. There are many intricate details that go into creating an estate plan that will take care of all your family’s needs. If some wording and phrases are wrong, it can completely undo your estate plan. Also, the law is ever-changing, so it’s a full-time job keeping up to date with the current rules and incorporating them into an estate plan.
Your one shot. Let’s say you create your own estate plan or use some cheap software to create a will. There is no second chance. Yes, you can always create a new one if you realize there are errors in the original plan, but why get to that point when it can be done right the first time? Also, if something happens to you before you have the chance to fix those errors…too bad! You’re out of luck.
Impartiality. Lawyers provide an objective perspective when creating an estate plan. They bring a voice of reason and expertise on this subject. If you create your own estate plan, there may be issues of fairness that you overlooked. A lawyer gives direct and unbiased advice that will help you in the long run.
Change is the only constant thing in your life. What if you move to a new state, have children, or you marry/divorce? What about a new job? All life events require an update to your estate plan, and a lawyer is needed to guide you when a tune up is necessary!
Do you still believe its justifiable to create your own estate plan or use the cheapest option out there? You’re not going to perform oral surgery on yourself, even though you could watch some videos that show you how, right? So why would you do the same for your estate plan that protects all the assets you’ve worked hard for if something happens to you? Take the rational route by hiring a lawyer to create your estate plan. The peace of mind is well worth it.
Give us a call today at (513) 463-6789, to get started on the process of protecting your legacy and your loved ones.